Tech Education Council slashes Tuition Fees at BIZ Schools

Tech Education Council slashes Tuition Fees at BIZ Schools

NEW DELHI: Private educational institutions, business schools, and engineering colleges operating with the All India Council for Technical Education’s (AICTE) approval will have to lower their fees to comply with the recommendations of a national committee. 

The AICTE made it mandatory in February to implement proposals of the National Fee Committee, a 10-member panel headed by former Supreme Court Judge BN Srikrishna, which was formed in 2014 to prescribe fee guidelines for technical institutions. The panel submitted its report last August.
AICTE chair man Anil D Sabasrabudhe directed all states to put into practice proposals in the report from the next academic session. 

Institutions failing to comply with the recommendations will face legal proceedings and cancellation of AICTE approval, an official in the Union human resource development ministry said. “Such institutions may even be forced to shut down.” 

The education regulator’s directive is likely to impact private institutions such as Symbiosis, SP Jain Institute of Management and Research, and Manipal University. 

The Symbiosis Institute of Business Management charges Rs5.8 lakh a year for a two-year MBA programme, while the Manipal Institute of Technology’s annual fee is around Rs3 lakh for a four-year engineering course. 

These popular private institutes might have to follow a fee cap as the AICTE moves to prevent commercialisation of technical education in the country. The AICTE accepted the committee’s recommendation that the maximum fee for a two-year MBA programme course be fixed at Rs 1.57 lakh and Rs 1.71 lakh a year, depending on the location of the institute. 

The report prescribed caps on tuition fees and related funds charged by institutes for engineering, management, pharma and technical courses. But autonomous and accredited institutions will be allowed to charge an additional 10% and 20% tuition fees respectively. 

IITs will not be affected by the move as they do not require the AICTE’s approval. 

The cap could be a windfall for institutes charging lesser than the prescribed amount, giving them an opportunity to hike fees to the stipulated limit. 

Source | Hindustan Times | 28 March 2016

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Pralhad Jadhav

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